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Czech billionaire Kretinsky's sprawling empire

-Daniel Kretinsky is seeking to take control of debt-laden French supermarket chain Casino, in a deal that would bring several well-known retail brands under the Czech billionaire s umbrella in. | June 19, 2023 ....

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Pope Francis arrives in Hungary with Ukraine, migration topping agenda - Stock market news

BUDAPEST (Reuters) -Pope Francis arrived in Hungary on Friday at the start of a three-day trip where the war in Ukraine, migration and Europe's Christian roots are expected to top the agenda in his public addresses and talks with Prime Minister Viktor Orban. | 05:12am ....

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Czech Senate speaker says president too ill to work, seeks to shift duties

PRAGUE (Reuters) -Czech President Milos Zeman is currently unable to carry out his duties, the head of parliament s upper house said on Monday, citing a report he had requested from the hospital where Zeman has been in intensive care for more than a week. Milos Vystrcil, the Senate speaker, told reporters that the report said it was unlikely Zeman could return to work in the coming weeks. He said parliament thus needed to discuss enacting a constitutional clause that shifts the president s duties to other officials, including the appointment of a new prime minister following the Oct. 8-9 election. Such a move would require consent of both houses of parliament, with the new lower chamber due to meet for the first time on Nov. 8. Zeman was taken to hospital the day after the election in which his ally, Prime Minister Andrej Babis, was defeated by a group of opposition parties that grabbed a majority of seats in the lower house and are aiming to form a new government. Zeman s office has d ....

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MONETA shareholders urged to vote against Air Bank deal

By Reuters Staff
3 Min Read
PRAGUE (Reuters) -Two investor advisory firms have recommended MONETA Money Bank shareholders vote against a plan to buy investment group PPF’s Czech and Slovak lending assets, saying the price may be too high.
It was not clear what impact the recommendations from Glass Lewis and Institutional Shareholder Services could have on the June 22 shareholder vote on the two-part deal.
The tie up is the groups’ second attempt in two years to create a Czech banking giant to compete with larger rivals.
If approved, the deal would give PPF majority control in MONETA, the country’s sixth largest bank. ....

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